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Putnam County, IN · Sold

IN-726127

5979 County Road 16

$313,500
$7,406/ac · 42.33 ac
Acreage42.33 ac
Price per acre$7,406/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedAug 1, 2024
Coordinates39.7273, -86.8618
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Putnam County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Putnam market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
12
Low risk
Wetlands8.8% of tract

Little to no mapped wetland coverage.

Average slope9.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,019 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area36.67 of 42.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$380,137
$318,266$442,007 · $8,980/ac on 42.33 ac
Asking vs estimate
-17.5%
Priced below the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $313,500
Maximum allowable offer
$217,221
$5,132/ac · +30.0% target margin

You need $96,279 off asking to hit this margin.

All-in cost$235,685
Net resale$349,726
Projected profit$114,041
ROI+48.4%
Annualized+69.2%
Break-even resale$6,052/ac
Profit if resale lands off target
-20%
$44,096
-10%
$79,068
0%
$114,041
+10%
$149,013
+20%
$183,986
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6188,1716.5 mi
87
IN-507369
Dirt · Full utilities
104.1Aug 31, 2024$709,6006,8188,9894.0 mi
70
IN-299289
Paved · Full utilities
418.2Jul 27, 2026$3,662,7008,75811,4674.1 mi
69
IN-589030
Gravel · Power at road
346.7Jul 27, 2026$1,390,0004,0097,1483.6 mi
64
IN-349070
Paved · Off grid
356.9Jul 27, 2026$2,049,3005,74310,2968.0 mi
61
IN-129452
Gravel · Off grid
470.6Jul 8, 2026$1,610,4003,4227,8797.7 mi
59
Show adjustment detail for the top comp
  • Tract size (40.44 ac → 42.33 ac)-0.8%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (3 mo)+0.9%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.